435 9th, Dallas, Texas

$3,318,000
Active
435 9th, Dallas, Texas
435 9th, Dallas, Texas
435 9th, Dallas, Texas
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Property Details

MLS ID: 21137128
Status: Active
Price: $3,318,000
Acres: 0.12±
Type: Apartment, Residential
Address: 435 9th
City, State: Dallas, TX
County: Dallas County
ZIP Code: 75208
Parcel Number: 00000255319000000
Bedrooms: 18
Bathrooms: 16
Year Built: 1925

Description

A rare opportunity to acquire a fully renovated 16-unit condominium portfolio one block from Bishop Avenue, one of Dallas's most active dining and entertainment corridors.

The portfolio spans 4 buildings and delivers 9 leased units with in-place income at closing, with the remaining 7 units rent-ready and actively being leased at current market rates. No deferred maintenance. No renovation timeline. The heavy lifting is done.

The unit mix includes studios, one-bedroom, and two-bedroom residences, individually metered for utilities with tankless water heaters throughout. The flexible unit mix supports long-term and mid-term rental strategies, with additional uses subject to city guidelines.

With stabilized pro forma gross income of $247,200 annually and a location that continues to benefit from Dallas's urban core demand, this portfolio is positioned for an investor seeking immediate cash flow with a clear path to full stabilization.

Directions: google maps are correct. Corner of 9th and Adams

Cody Maxwell

Cody Maxwell

Capitol Ranch Real Estate, LLC

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Cody Maxwell
Capitol Ranch Real Estate, LLC
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Listed By: Rachael Gray Smith of Compass Re Texas, Llc